New low on SPX

But pretty far below the VIX highs. This is somewhat typical… the VIX will often spike to its highest point on the first major downdraft of a correction, the calm a bit even though the index sinks lower. We need a strong flush in the market to get this correction behind us. Although we just went lower on SPX (and NDX, and Dow yesterday) it doesn’t seem like that capitulation panic we usually get at the bottom.